Global Aloe Vera Extract Market Projected to Grow at 9.4% CAGR, Reaching $4.45 Billion by 2029

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What Will the Aloe Vera Extract Industry Market Size Be by 2025?
The market size of aloe vera extract has seen substantial growth in past years. The sector, which is projected to increase from $2.85 billion in 2024 to $3.1 billion in 2025, will have a compound annual growth rate (CAGR) of 8.8%. This historic expansion is largely a result of increased customer awareness of health benefits, escalating demand in the cosmetics and personal care sector, a rising trend in nutraceuticals and dietary supplements, and broader applications in the food and beverage industry.

What's the Long-Term Growth Forecast for the Aloe Vera Extract Market Size Through 2029?
The market size for aloe vera extract is projected to experience robust expansion in the forthcoming years. The projected growth is to reach $4.45 billion in 2029 with a compound annual growth rate (CAGR) of 9.4%. This surge is linked to the ongoing fascination with natural skincare and beauty, the study of aloe vera's medical benefits, its increasing use in healthy and functional drinks, its growing acceptance in herbal and natural medicines, and the global trend towards sustainability and eco-friendly goods. Key trends during this projected period include an emphasis on organic and sustainable sourcing, the development of innovative aloe vera-based products, the growth of aloe vera farming and production, penetration into the global market, and the establishment of quality control and certification standards.

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What Are the Key Growth Drivers Fueling the Aloe Vera Extract Market Expansion?
The surge in preference for natural and organic cosmetics is set to catalyze the growth of the aloe vera extract market. Organic cosmetics are cosmetic concoctions, conceptualized and produced through organic constituents sourced from organic agricultural practices. These commodities are devoid of synthetic chemicals, like pesticides, herbicides, or genetically manipulated organisms (GMOs). Aloe vera extract serves as a fundamental component in the fabrication of natural and organic cosmetics. To illustrate, a report published by the Soil Association, a UK-centric organization dedicated to sustainable organic agriculture and food production, in March 2022, revealed that certified organic and natural beauty and wellbeing products in the UK experienced a 15% upswing in 2021, reeling in €164 million ($179.35 million). Additionally, in 2021, approximately 50,000 products and ingredients attained certification from COSMOS (Cosmetic Organic and Natural Standard), an international criteria for organic and natural cosmetics. The sales of COSMOS-endorsed products registered a 32% increase in 2021 compared to 2020. Thus, the growing preference for natural and organic cosmetics is fueling the growth of the aloe vera extract market in the future.

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What Are the Key Trends Driving Aloe Vera Extract Market Growth?
Primary businesses in the aloe vera extract industry are concentrating their efforts on pioneering formulations and enhancing their products, such as incorporating aloe vera into dietary drinks to satisfy the increasing consumer preference for natural ingredients beneficial to wellness and skin health. A pineapple-flavoured aloe vera beverage that blends the moisturizing attributes of aloe vera with the sweet and tropical flavour of pineapple provides a nourishing and revitalizing choice usually touted for its health-related perks, including digestive support and hydration. For instance, Kelly Loves, a food company based in the US, introduced a new pineapple-flavoured aloe vera beverage in September 2023. The 500ml beverage, enriched with natural aloe gel, is also devoid of sugar, gluten and completely vegan. The beverage aims to provide a refreshing flavour while capitalising on the health benefits of aloe vera, making it an attractive option for health-aware consumers in search of a tasty and healthy drink.

How Is the Aloe Vera Extract Market Segmented?
The aloe vera extract market covered in this report is segmented -

1) By Product Form: Liquid, Gel, Powder, Other Product Forms
2) By Distribution Channel: Offline, Online
3) By Application: Functional Food, Cosmetics, Pharmaceuticals, Beverages, Other Application Types

Subsegments:
1) By Liquid: Aloe Vera Juice, Concentrated Aloe Vera Liquid
2) By Gel: Pure Aloe Vera Gel, Aloe Vera Gel With Additives
3) By Powder: Freeze-Dried Aloe Vera Powder, Spray-Dried Aloe Vera Powder
4) By Other Product Forms: Aloe Vera Capsules, Aloe Vera Granules, Aloe Vera Creams And Lotions

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Which Companies Are Leading the Charge in Aloe Vera Extract Market Innovation?
Major companies operating in the aloe vera extract market include Herbalife International Inc., Ashland Inc., Patanjali Ayurved Ltd, NOW foods, LR Health And Beauty Systems GmbH, Aloecorp Inc., Lily of the Desert Organic, Warren Laboratories LLC, Pharmachem Laboratories Inc., Active Organics Inc., Botanic Healthcare LLC, Aloe Laboratories Inc., Camden-Grey Essential Oils Inc., Foodchem International Corporation, Green Leaf Naturals, Aloe Plus Lanzarote S.L, Calmino Group AB, Aloe Queen Inc., Forever Living Products Inc., Terry Laboratories Inc., Tropical Products Inc., Aloe Farms Inc., Natural Aloe Costa Rica SA, Pokonobe Industries Inc., Cady Products LLC

Which Regions Are Leading the Global Aloe Vera Extract Market in Revenue?
Asia-Pacific was the largest region in the aloe vera extract market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the aloe vera extract market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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